segregation

Americans have a special envy for the rich and famous. Blame it on a combination of the can-do- anything spirit, the quest for Hollywood-type fame, and the belief that wealth is the elixir for all human problems. Whatever the reasons, some Americans have elevated the wealthy, deserving, undeserving and even criminal, to be the pinnacles of

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The financial sector which has the most contact with the investing public–the mutual fund industry–has largely evaded pressures to reform.

This is a serious omission since the $3 trillion mutual fund industry plays a critical role in determining the financial well-being of millions of Americans. The industry’s problems, ranging from conflicts of interest to lack of transparency, affect retirement planning and the ability to build secure financial futures for millions of investors.read more...